BCX CEO Bogoshi retires, and Motlekar steps in as acting chief

A revenue slide just forced a corner office reset at BCX, and the timing screams pressure as Telkom reshuffles leadership mid-downturn.

BCX CEO exits after seven years

• Business Connexion chief executive Jonas Bogoshi retires at the end of February 2026.
• Bogoshi joined in April 2018 as chief revenue officer.
• Later that year, he stepped into the top role.
• The board credited him for the groundwork on the strategic review.

Hasnain Motlekar steps in as acting CEO

• Telkom appointed Hasnain Motlekar from 1 March.
• Motlekar brings over 28 years of experience inside Telkom.
• Currently, he runs commercial operations at Telkom Business.
• Appointment signals continuity during the transformation phase.

Revenue slump rattles enterprise arm

• BCX revenue dropped 9.3 percent to R2.64 billion.
• The quarter ended 31 December 2025 showed weak demand.
• Year-to-date revenue slid 5.9 percent.
• Converged communications and IT services saw double-digit declines.

Bright spots and margin discipline

• Cybersecurity services posted solid growth in the quarter.
• IT hardware and software revenue climbed 19.6 percent.
• EBITDA margin held at 10.4 percent.
• Management blamed long sales cycles and delayed projects.

Telkom Group cushions the blow

• Telkom Group revenue rose 1.3 percent to R11.13 billion.
• Data income jumped 9.6 percent to R6.9 billion.
• Openserve expanded homes passed to 1.5 million.
• Mobile division continued strong subscriber and traffic growth.